Assistant Minister for Superannuation Jane Hume has slammed the $2.9 trillion superannuation industry for its "complacency and inertia,” saying poorly-performing funds have “no place to hide” and that small funds should consider merging.
Elizabeth FryJanuary 29, 2020
Less than half of 233 superannuation advice files reviewed by the corporate watchdog demonstrated full compliance with best interest duty and related obligations, according to a new report.
Tahn SharpeDecember 6, 2019
Australian Super's Ian Silk and ISA's Bernie Dean have backed the prudential regulator's heatmaps and reiterated their call to remove "dud" funds from the system. They joined REST and QSuper in a parliamentary inquiry.
Staff WritersNovember 22, 2019